In a scathing self-assessment, the Federal Reserve’s autopsy on Silicon Valley Bank’s failure puts blame partially on its own doorstep, as regulator reports on Signature Bank’s collapse cite the lender’s “poor management.” The autopsy on failure has been released ahead of schedule. The 114-page unflinching...
A former Apple buyer has been sentenced to three years in prison for defrauding the company of $17 million. Dhirendra Prasad of Mountain House, California, who was a buyer in Apple’s Global Service Supply Chain, was also ordered to pay over $19 million in restitution to Apple...
At one time, it seemed like only the most tech-forward or foolhardy were conducting financial transactions over smartphones, as they were then viewed as less secure than personal computers. That sentiment began shifting as app purchases and similar activities “normalized” mobile financial transactions, which quickly...
The door opens for investors to bet on the digital front door, in India. The premise and promise of the super app is to give a single point of entry (the front door) to a range of activities spanning everything from ride-hailing to commerce to...
Shipt is seizing on business travelers’ demand for familiarity to drive same-day delivery adoption. In an interview with PYMNTS, Alex Ross, vice president of business development at the Target-owned aggregator that provides on-demand delivery of groceries, daily essentials and other items, said the company’s new...
Despite the setback caused by its investment in Cudoni, a resale platform startup that was forced to shut down due to lack of traction, eBay confirmed during its earnings call on Wednesday (April 26) its continued commitment to doubling down in the category. The company...
In an effort to create more shoppable content, Pinterest has inked a multiyear deal with Amazon Ads to enhance the platform’s offering of relevant products and brands, and notably marks Amazon’s status as Pinterest’s first third-party advertising partner. The move follows the increasing popularity of...
For Amazon and Walmart customers, convenience is key for each step — everything from ordering to paying to receiving a delivery order or picking up goods — and few things are more convenient than free services. Amazon Prime and Walmart+ offer members free deliveries, free...
Merchants are working to gain business that used to go to Bed Bath & Beyond. The retailer that declared bankruptcy this week had 35 million customers and a 33% share of registry listings in 2022, and those customers are now looking to shop elsewhere, ModernRetail...
